Linden Capital Partners Acquires Majority Stake in Specialty Networks

Cardinal Health Acquires Specialty Networks from Linden Capital for $1.2B

January 31, 2024

Healthcare Services

Cardinal Health has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization, from Linden Capital Partners for $1.2 billion in cash. The deal adds Specialty Networks' GPOs, PPS Analytics platform and life-sciences/research capabilities to Cardinal Health's Specialty business to accelerate capability expansion across urology, gastroenterology and rheumatology.

Specialty Networks Acquires Gastrologix

November 4, 2022

Healthcare Services

Specialty Networks, a portfolio company of Linden Capital Partners, has acquired Gastrologix, a gastroenterology-focused group purchasing organization (GPO) with more than 470 practice locations and roughly 2,300 providers in its network. The acquisition will integrate Gastrologix into Specialty Networks' real-world data, technology, and tech-enabled services to deliver clinical and economic value to independent GI practices and industry partners.

Specialty Networks Acquires United Rheumatology

April 14, 2022

Healthcare Services

Specialty Networks, a portfolio company of Linden Capital Partners, has acquired United Rheumatology, an exclusive rheumatology group purchasing organization and real-world evidence data & analytics provider. The acquisition expands Specialty Networks' specialty portfolio and capabilities, adding United Rheumatology's network of 635 active independent rheumatology providers and complementary services for practices and life-science clients.

Linden Capital Partners Takes Majority Stake in Vital Care

October 19, 2020

Healthcare Services

Linden Capital Partners, a Chicago-based healthcare private equity firm, announced a majority investment in Vital Care, Inc., the Meridian, Mississippi franchisor of home infusion services. The transaction was completed alongside current shareholders (the Bell family) and management, with Linden positioning to support growth of the franchise system through healthcare-focused operating expertise and capital.

General Atlantic Makes Growth Investment in U.S. Urology Partners

April 9, 2025

Healthcare Services

General Atlantic has made a growth investment in U.S. Urology Partners, a Nolensville, Tennessee-based urology practice management platform; NMS Capital has exited its partnership. The capital will support U.S. Urology Partners’ expansion across existing markets and into new geographies and deepen clinical and practice-management capabilities; terms were not disclosed.

Linden Capital Partners Acquires LifeStyles Healthcare

December 1, 2022

Consumer Products

Linden Capital Partners has acquired LifeStyles Healthcare, a global sexual health and wellness platform, from a consortium of investors including Trustar Capital and Humanwell Healthcare. The deal excludes LifeStyles' Chinese operations (including the Jissbon brand), which will be retained by the selling shareholders; Linden has named Laurent Faracci as incoming CEO and Ron Fugate as Chairman to drive commercial, brand, and innovation-led growth.